McCarran Airport in Las Vegas is adding their contribution to the record books for 2004. The previous annual record of 36.9 million passengers funneling through the airport was surpassed in just 11 months in 2004. We hit the 38 million mark for the year before the month of November was even over! The final count for 2004 is being tallied, but is sure to exceed 40 million passengers. These figures also represent a 14% improvement over last year. What does this mean for the Las Vegas real estate market? It’s virtually impossible to have a strong market for Las Vegas homes without a strong local economy to underwrite it. The Las Vegas economy is hitting hard on all cylinders, and the Las Vegas real estate market is following in lockstep. Sure, many of these record breaking airport passengers are tourists that come for just a few days to party and gamble. But the people that provide services to them during their stay are making a good living and investing in their own Las Vegas home. Incidentally, Las Vegas is also developing a solid manufacturing base outside of Gaming (check our other blog entries for more on this exciting new trend) that is playing a growing role in the development of this great city. The market for Las Vegas homes is not a bubble waiting to burst. Las Vegas real estate is a solid market underpinned by a solid economy. MS Las Vegas Real Estate is your personal guide in the market for residential real estate in Las Vegas.

This entry was posted by Michelle Sterling on Friday, January 21st, 2005 at 9:26 am and is filed under Business & The Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.